accounting question 8

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

i am stuck on the following problem. here is a pic of the problem

http://imgur.com/pXTqhfn

please include all work/how you got the answer. it will help me with future problems

thanks in advance

Feb 15th, 2015

cost =21500 

discount=430 +

freight = 745

Net cost= 21500+315 = 21815

Sales = 31650

Freight =1150

Gross margin =31650-21815-1150 =8685 

Answer: $8,685

Feb 15th, 2015

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Feb 15th, 2015
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